Awal Muharram 2017
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On behalf of the management and staff of YCS, we wish all Muslims Selamat Menyambut Awal Muharram!
** Our Office in Malaysia will be closed on 22nd September (Friday) for this Public Holiday **
~ Awal Muharram is celebrated by Muslims as the day symbolizes two important events in the Muslim year.
~ Awal means beginning in English and Muharram is the name of the first month in the Muslim calendar. The day also coincides with the Prophet Muhammad's journey from Mecca to Medina on the first of Muharram in 622AD.
Public Holiday on 4th Sept 2017 (Mon)
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Pleased be informed that our Malaysia office will be closed on 4th Sept (Mon), following Malaysia's outstanding performance at the 29th SEA Games.
The Prime Minister, Datuk Seri Najib Tun Razak declared the national public holiday at the closing ceremony which was held at the National Stadium in Bukit Jalil.
Our business will resume as usual on 5th Sept (Tue). We apologise for any inconvenience caused.
Audit Exemption for Private Companies
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Background
Subsection 267(1) of the Companies Act 2016 requires every private company to appoint an auditor for each financial year of the company for purposes of auditing its financial statements.
However, pursuant to subsection 267(2) of the CA 2016, the Registrar may exempt any private company from having to appoint an auditor according to the criteria and conditions as set out below.
Qualifying Criteria for Audit Exemption for Certain Categories of Private Companies
The following categories of private companies will be qualified for audit exemption:
(a) Dormant Companies
(b) Zero-Revenue Companies
(c) Threshold-Qualified Companies
E-Filing of Form E (for Employers)
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In accordance with subsection 83 (1B) of the Income Tax Act (ITA) 1967, it is mandatory for employers (Companies, including Labuan companies) to submit the Return Form of an Employer (Form E) via e-Filing for the Year of Remuneration 2016 and onwards.
Deadline for e-Filing of Form E is 30 April 2017. Paper submission will NOT be accepted.
However, employers other than companies have the option to submit Form E via e-Filing or manually (Paper Form).
Source: Inland Revenue Board of Malaysia
Public Holiday for Coronation of Malaysia’s 15th Yang di-Pertuan Agong
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The Government declared 24 April (Monday) to be a public holiday for coronation of Malaysia’s 15th Yang di-Pertuan Agong, Sultan Muhammad V from Kelantan. The declaration was made under the Public Holidays Act 1951, which applies to states in the Peninsular as well as the federal territory of Labuan in Borneo Malaysia.
Our Malaysia office will be closed on above date in celebration of the coronation.
